This module provides students with advanced knowledge and analytical skills associated with game theory and its economic applications. The main emphasis is on the discussion and description of solution concepts appropriate for various types of economic problems. The purpose of the module is to develop the solid theoretical background necessary to understand game theoretic models and how these models are applied as a tool to solve problems in different areas in economics, such as Industrial Organization, Political Economy, International Trade and Environmental Economics.
Learning Outcomes
By the end of the module students should be able to:
demonstrate systematic knowledge and understanding in game theory;
apply game theory to formulate and solve complex practical problems;
critically evaluate theoretical constructs and practical applications of game theory.